Legg Mason, Inc. Launches First Actively Managed Taxable Fixed Income Etf Sub-Advised by Western Asset Management Company, Llc; Announces Executive Appointments
October 04, 2018 at 07:00 pm IST
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Legg Mason, Inc. announced that, it has launched its first actively managed taxable fixed-income ETF, sub-advised by Western Asset Management Company, LLC, a Legg Mason affiliate and globally integrated fixed-income manager. The Western Asset Total Return ETF seeks to maximize total return consistent with prudent investment management and liquidity needs. The performance of the fund is benchmarked against the Bloomberg Barclays U.S. Aggregate Index. The investment team leverages Western Asset Management's global investment capabilities and strong risk management program, employing an active process that is both top-down and bottom-up to identify attractive investment opportunities. Active management of duration, sector and security selection offers greater flexibility to respond to dynamic market conditions.
The portfolio managers of the Western Asset Total Return ETF are Kenneth Leech, Mark S. Lindbloom, Julien A. Scholnick, Frederick R. Marki and John L. Bellows.
Legg Mason, Inc. (Legg Mason) is United States-based company. The Company helps investors globally achieve financial outcomes by expanding choice across investment strategies, vehicles, and investor access through independent investment managers with diverse in equity, fixed income, alternative and liquidity investments. Legg Masonâs investment affiliates operate with investment independence, asset classes and markets around the globe. Its affiliates includes, Brandywine Global, Clarion Partners, ClearBridge Investments, Martin Currie, QS Investors, Royce Investment Partners, and Western Asset.
Legg Mason, Inc. Launches First Actively Managed Taxable Fixed Income Etf Sub-Advised by Western Asset Management Company, Llc; Announces Executive Appointments